Announcement on Repurchase and Cancellation of Part of the Restricted Shares Granted under the 2023 Restricted Stock Incentive Plan
Securities Code: 002420 Securities Abbreviation: Yichang Technology Announcement No.: 2026-023
Guangzhou Yichang Technology Co., Ltd.
Announcement on Repurchase and Cancellation of Part of the Restricted Shares Granted under the 2023 Restricted Stock Incentive Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
-
The total number of restricted shares repurchased and cancelled in this instance, which have been granted but not yet released from restrictions, is 349,000 shares, involving 10 individuals, accounting for 0.08% of the company's total share capital before the repurchase. Upon completion of this repurchase and cancellation, the company's total share capital will be 410,941,000 shares.
-
Repurchase Price: The repurchase price for the restricted shares is 3.16 RMB per share, and the repurchase funds are from the company's own capital.
-
This repurchase and cancellation matter is subject to the approval of the company's 2025 Annual Shareholders' Meeting.
Guangzhou Yichang Technology Co., Ltd. (hereinafter referred to as the "Company") held the 27th meeting of the Sixth Board of Directors on April 23, 2026, and deliberated and approved the "Proposal on Repurchase and Cancellation of Part of the Restricted Shares Granted under the 2023 Restricted Stock Incentive Plan (First Grant and Reserve Grant)". In view of the resignation of 10 employees from the first grant and reserve grant portions of the Company's 2023 Restricted Stock Incentive Plan, who are no longer eligible as incentive recipients, the Company intends to repurchase and cancel the restricted shares they have been granted but not yet released from restrictions, totaling 349,000 shares. The relevant matters are hereby announced as follows: